Risk Management in Logistics & Supply Chains

The Ever Given ship blocked the Suez Canal in 2021, causing massive shipping delays.

Which of the following is a good risk mitigation strategy for natural disasters?

__________ is the process of tracking shipments in real-time to prevent delays and losses.

One of the biggest cybersecurity threats in logistics is ___, where hackers block access to data until a ransom is paid.

A company can prepare for supply chain disruptions by having an __________ plan in place

Geopolitical risks can cause delays, increase costs, and disrupt international trade.

What is the main goal of risk management in logistics?

What was the financial impact of the 2017 Maersk cyberattack?

A major earthquake in Japan in 2011 affected the global supply of __________.

Risk management only applies to large companies, not small businesses.

Cybersecurity threats in logistics mainly affect warehouse operations and do not impact financial losses.

The Russia-Ukraine conflict disrupted global supply chains, especially in the __________ sector.

Which of the following is NOT a major risk in logistics?

AI and automation are being used to predict and manage risks in supply chains.

What was the main cause of the supply chain crisis during the COVID-19 pandemic?